Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company's master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020.

Company profile
Ticker
PSX
Exchange
Website
CEO
Gregory Garland
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Chevron • Conoco Phillips • Valero Energy • Hess • Marathon Petroleum • Exxon Mobil • HF Sinclair • PBF Energy • PBF Energy • Delek US ...
SEC CIK
Corporate docs
Subsidiaries
Asamera Oil (US) Inc. • C.S. Land, Inc. • Central Retail Holdings LLC • Douglas Oil Company • eFUEL, LLC • Gray Oak Holdings LLC • JET Energy Trading GmbH • JET Petrol Limited • JET Petroleum Limited • JET Retail UK Limited ...
IRS number
453779385
PSX stock data
News

Financial Advisers Recommend These 3 Alternative Investments Over The Standard 60/40 Stock-To-Bond Portfolio
18 Aug 22
Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP for $34.75/Unit
17 Aug 22
Phillips 66: Q2 Earnings Insights
29 Jul 22
Phillips 66 Q2 EPS $6.77 Beats $5.78 Estimate
29 Jul 22
Earnings Scheduled For July 29, 2022
29 Jul 22
Press releases
Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP
17 Aug 22
Phillips 66 Enhances NGL Platform with Wellhead to Market Integration Through Increased Economic Interest in DCP Midstream
17 Aug 22
Phillips 66 Announces Expansion Open Season for Seminoe Pipeline
12 Aug 22
Phillips 66 Reports Second-Quarter 2022 Financial Results
29 Jul 22
Phillips 66 and H2 Energy Europe close on joint venture to create European network of hydrogen refueling stations
19 Jul 22
Analyst ratings and price targets
Current price
Average target
$118.67
Low target
$105.00
High target
$132.00
Morgan Stanley
Maintains
$105.00
Barclays
Maintains
$113.00
Wells Fargo
Maintains
$127.00
BMO Capital
Initiated
$132.00
Raymond James
Maintains
$115.00
Piper Sandler
Maintains
$120.00
Calendar
29 Jul 22
20 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.81B | 2.81B | 2.81B | 2.81B | 2.81B | 2.81B |
Cash burn (monthly) | 175.33M | (no burn) | 14.21B | 8.52B | (no burn) | (no burn) |
Cash used (since last report) | 295.59M | n/a | 23.95B | 14.36B | n/a | n/a |
Cash remaining | 2.51B | n/a | -21.14B | -11.55B | n/a | n/a |
Runway (months of cash) | 14.3 | n/a | -1.5 | -1.4 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Aug 22 | Timothy D. Roberts | Common Stock | Payment of exercise | Dispose F | No | No | 84.04 | 402 | 33.78K | 47,799 |
8 Aug 22 | Joseph Scott Pruitt | Common Stock | Payment of exercise | Dispose F | No | No | 84.04 | 72 | 6.05K | 15,302 |
8 Aug 22 | Kevin J Mitchell | Common Stock | Payment of exercise | Dispose F | No | No | 84.04 | 523 | 43.95K | 96,052 |
8 Aug 22 | Brian Mandell | Common Stock | Payment of exercise | Dispose F | No | No | 84.04 | 340 | 28.57K | 39,388.918 |
8 Aug 22 | Mark E Lashier | Common Stock | Payment of exercise | Dispose F | No | No | 84.04 | 697 | 58.58K | 54,777 |
Institutional ownership, Q2 2022
69.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1382 |
Opened positions | 121 |
Closed positions | 152 |
Increased positions | 574 |
Reduced positions | 440 |
13F shares | Current |
---|---|
Total value | 27.59B |
Total shares | 336.45M |
Total puts | 3.43M |
Total calls | 4.31M |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 49.68M | $4.07B |
BLK Blackrock | 37.76M | $3.1B |
STT State Street | 32.67M | $2.68B |
WFC Wells Fargo & Co. | 16.95M | $1.39B |
FMR | 10.26M | $841.6M |
Geode Capital Management | 9.55M | $781.49M |
Aristotle Capital Management | 8.72M | $715.15M |
Wellington Management | 6.75M | $553.44M |
Barrow Hanley Mewhinney & Strauss | 6.7M | $549.22M |
BAC Bank Of America | 6.55M | $537.24M |
Financial report summary
?Management Discussion
- Unless otherwise indicated, discussion of results for the three and six months ended June 30, 2022, is based on a comparison with the corresponding periods of 2021.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
App, behalf, Certification, compensatory, Cover, dealer, DEF, Description, duly, embedded, Exhibit, fiscal, formatted, gathering, herewith, Indenture, inflationary, Inline, instance, Interactive, issuer, lender, Linkbase, Mizuho, Morgan, Overnight, Page, prepay, procurement, Pruitt, RBC, registrant, Registration, restructuring, Schema, Scott, thereto, thereunto, trustee, undersigned, XBRL
Removed:
administration, authorization, easing, gain, Phillip, secondary
Financial reports
Current reports
8-K
Regulation FD Disclosure
18 Aug 22
8-K
Phillips 66 Reports Second-Quarter 2022 Financial Results
29 Jul 22
8-K
Departure of Directors or Certain Officers
12 Jul 22
8-K
Entry into a Material Definitive Agreement
24 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
13 May 22
8-K
Departure of Directors or Certain Officers
5 May 22
8-K
Phillips 66 Reports First-Quarter 2022 Financial Results
29 Apr 22
8-K
Phillips 66 Announces CEO Transition Plans
12 Apr 22
8-K
Phillips 66 Reports Fourth-Quarter 2021 Financial Results
28 Jan 22
8-K
Other Events
15 Nov 21
Registration and prospectus
S-3ASR
Automatic shelf registration
29 Jul 22
S-8
Registration of securities for employees
12 May 22
424B3
Prospectus supplement
2 Feb 22
S-4/A
Registration of securities issued in business combination transactions (amended)
21 Jan 22
425
Business combination disclosure
6 Jan 22
S-4
Registration of securities issued in business combination transactions
10 Dec 21
424B2
Prospectus for primary offering
12 Nov 21
FWP
Free writing prospectus
11 Nov 21
424B3
Prospectus supplement
10 Nov 21
425
Business combination disclosure
29 Oct 21
Proxies
DEFA14A
Additional proxy soliciting materials
3 May 22
DEFA14A
Additional proxy soliciting materials
29 Apr 22
PX14A6G
Letter to shareholders
21 Apr 22
PX14A6G
Letter to shareholders
20 Apr 22
PX14A6G
Letter to shareholders
8 Apr 22
DEFA14A
Additional proxy soliciting materials
31 Mar 22
DEF 14A
Definitive proxy
31 Mar 22
DEFA14A
Additional proxy soliciting materials
3 May 21
PX14A6G
Letter to shareholders
29 Apr 21
PX14A6G
Letter to shareholders
14 Apr 21
Other
EFFECT
Notice of effectiveness
3 Feb 22
CORRESP
Correspondence with SEC
30 Jan 22
UPLOAD
Letter from SEC
12 Jan 22
CORRESP
Correspondence with SEC
3 Jan 22
UPLOAD
Letter from SEC
19 Dec 21
CORRESP
Correspondence with SEC
16 Nov 21
UPLOAD
Letter from SEC
3 Nov 21
CORRESP
Correspondence with SEC
14 Oct 21
CORRESP
Correspondence with SEC
29 Sep 21
UPLOAD
Letter from SEC
21 Sep 21
Ownership
4
Phillips 66 / Greg C. Garland ownership change
10 Aug 22
4
Phillips 66 / Richard G Harbison ownership change
10 Aug 22
4
Phillips 66 / Robert A Herman ownership change
10 Aug 22
4
Phillips 66 / Mark E Lashier ownership change
10 Aug 22
4
Phillips 66 / Brian Mandell ownership change
10 Aug 22
4
Phillips 66 / Kevin J Mitchell ownership change
10 Aug 22
4
Phillips 66 / Joseph Scott Pruitt ownership change
10 Aug 22
4
Phillips 66 / Timothy D. Roberts ownership change
10 Aug 22
4
Phillips 66 / GREGORY HAYES ownership change
3 Aug 22
4
Phillips 66 / GREGORY HAYES ownership change
14 Jul 22
Patents
Utility
Light alkanes to liquid fuels
9 Aug 22
The present disclosure relates generally processes and systems for converting a C2-C7 light alkanes feed to liquid transportation fuels or value-added chemicals.
Utility
Method of Removing Contaminate In Wastewater
28 Jul 22
A method of removing or reducing the concentration of a contaminant in wastewater.
Utility
Decreasing Refinery Fouling and Catalyst Deactivation
28 Jul 22
Processes for preventing or minimizing the rate of upgrading catalyst deactivation in a petroleum refinery, preventing or minimizing the rate of silicone-containing deposits within refinery process equipment, or both utilizing high-field proton nuclear magnetic spectroscopy (NMR) to rapidly measure concentrations of polydimethylsiloxanes (PDMS) and its thermal degradation products in potential refinery feed stock and refinery intermediate streams with high sensitivity and precision.
Utility
Organic semiconducting comonomer
26 Jul 22
Inventors: Hualong Pan, Kathy Woody, Brian J. Worfolk
Utility
Pipeline interchange/transmix
19 Jul 22
In one embodiment, a pipeline interchange is described where a first product flows through a first pipeline and a second product flows through a second pipeline.
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
3 Aug 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
30 Jan 21
2020 Q4
Earnings call transcript
30 Jan 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
Reddit threads
Daily Discussion - Thursday August 18 2022
18 Aug 22
Daily Discussion Thread - August 17th, 2022
17 Aug 22
Daily Discussion Thread - August 16th, 2022
16 Aug 22
Daily Discussion Thread - August 15th, 2022
15 Aug 22
r/Stocks Daily Discussion & Fundamentals Friday Aug 12, 2022
12 Aug 22
Daily Discussion - Friday August 12 2022
12 Aug 22
r/Stocks Daily Discussion Wednesday - Aug 10, 2022
10 Aug 22
What stock in your portfolio doesn't get enough attention on this sub reddit?
9 Aug 22
r/Stocks Daily Discussion & Fundamentals Friday Aug 05, 2022
5 Aug 22
I like dividend investing, so I did some light research of the top 30 holdings of 10 different Vanguard sector ETFs (ex-VNQ).
30 Jul 22